Junggi Nanum Foundation-Shinhan BNP Paribas 'Social Contribution Expansion' Collaboration

10% of Fund Management Fees Donated to Foundation

Sohn In-guk, Chairman of the Small and Medium Business Love Sharing Foundation (left), and Lee Chang-gu, CEO of Shinhan BNP Paribas Asset Management, are posing for a commemorative photo on the 11th at Shinhan BNP Paribas Asset Management in Yeouido, Seoul, after signing a business agreement to promote the culture of social contribution.

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Love Sharing Foundation announced on the 11th that it has signed a business agreement with Shinhan BNP Paribas Asset Management to promote the culture of social contribution.

The business agreement ceremony was held at Shinhan BNP Paribas Asset Management in Yeouido, Seoul. Through this agreement, Shinhan BNP Paribas Asset Management will donate 10% of the management fees from its newly launched 'Global Sustainable Management ESG' fund product to the foundation. The Small and Medium Business Love Sharing Foundation plans to use the donations to improve the welfare of small and medium enterprise workers and support socially marginalized groups.

Son In-guk, chairman of the Small and Medium Business Love Sharing Foundation, said, "The prolonged economic crisis caused by COVID-19 inflicts even harsher pain on marginalized groups," and added, "We are grateful to Shinhan BNP Paribas Asset Management for empathizing with the hardships of small and medium enterprise workers and small business owners and for their willingness to overcome the crisis together."

Lee Chang-gu, CEO of Shinhan BNP Paribas Asset Management, responded, "We will strive even more to spread warm finance that provides not only investment returns to fund subscribers but also the joy of social sharing."

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